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Latin America
Morning Platinum Market Report
Mon 10 Sep 2012 07:58:58 CT
Related Keywords: Metals
Related Keywords: Metals
October platinum started out the new trading week in close proximity to last Friday's high for the move but some traders feel that prices may be reluctant to climb up into new high ground. Labor unrest in South Africa continues to provide solid support for the market, as the strike has now spread to another key platinum producer in the region. With futures open interest and ETP participation expanding at a large rate, other traders feel that there is rising potential for a sizable pullback in October platinum if the current "risk on" vibe in global markets loses momentum.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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